Decoding Retirement

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell speaks with Ed Slott, IRA Expert, Professional Speaker, and Author, to discuss everything you need to know about IRAs and Roth IRAs.

The world of IRAs can be extremely complex. There are many things to consider including the different types of IRA beneficiaries, the impact of Secure act 2.0, the power of life insurance, and whether to contribute to an IRA or Roth IRA.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

:50 - The complexities of IRA inheritance

3:15 - The 3 tiers of IRA beneficiaries

6:30 - Required minimum distributions

9:15 - Maximizing your tax bracket

11:50 - The case for Roth conversions

15:15 - How to decide whether or not to do a Roth IRA conversion

21:05 - The power of life insurance

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Ed Slott,CPA, is a nationally recognized IRA distribution expert, professional speaker, television personality, and best-selling author. He is known for his unparalleled ability to turn advanced tax strategies into understandable, actionable and entertaining advice. He has been named “The Best Source for IRA Advice” by The Wall Street Journal, and USA Today wrote, “It would be tough to find anyone who knows more about IRAs than CPA Slott.”

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell speaks with Lazetta Rainey Braxton, founder and managing principal at The Real Wealth Coterie to discuss everything you need to know about generational wealth transfer, the wealth gap, and how to have "the talk" with family members.

Communication is vital when you're planning for the financial future of yourself and loved ones. It's important to be strategic when planning those tricky conversations with your family when ensuring everyone's financial wellbeing.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

:40 - The wealth gap between men & women

2:40 - How to value human capital

5:25 - Generational wealth transfer

8:15 -Educating family on personal finance

12:20 - The importance of "The talk"

16:15 - How to have "The talk"

19:45 - Long-term care

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Lazetta Rainey Braxton is a certified financial planner and the founder and managing principal of The Real Wealth Coterie, a wealth management and RIA firm. Braxton is also the founder of consulting practice Lazetta & Associates. In both roles, Braxton equips individuals and leaders to align their balance sheets and P&Ls with their vision and values, achieve sustainable wealth and profits through amplifying human capital, building dynamic internal and external professional teams to enhance financial and business planning, and balancing IQ and EQ for optimal engagement at home and work.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell speaks with Sharon Carson, J.P. Morgan Asset Management Retirement Insights Strategist and Surya Kolluri, Head of the TIAA Institute to discuss everything you need to know about long-term care.

It can be challenging to plan for retirement on top of the potential expense of paid care. Surya and Sharon offer their expertise on the subject and delve into the nitty-gritty of long-term care and how to be prepared for the unexpected.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

:35 - The truth about long-term care

2:00 - How to use paid care

5:45 - Balancing the cost of long-term care

8:00 -Continuing care retirement community

13:22 - Uncompensated caregivers

16:30 - How to avoid caregiving crises

20:30 - Younger generation's view on retirement

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Sharon Carson, Executive Director, is a Retirement Strategist on the J.P. Morgan Asset Management Retirement Insights Strategy team. She is one of the authors of J.P. Morgan’s Guide to Retirement. She develops and delivers retirement insights on topics such as Social Security, Medicare, elder care, and spending patterns in retirement. Her work is used by financial professionals, retirement plan sponsors and policymakers. She has over 20 years of experience in various roles spanning strategic planning, innovation, and program management. 

Surya Kolluri is head of the TIAA Institute, overseeing research on enhancing lifelong financial security and organizational effectiveness in higher education and the broader nonprofit sector. The TIAA Institute was established 25 years ago to advance TIAA’s longstanding commitment to scholarship and strengthen the company’s partnership with the higher education community. The Institute provides consulting services for institutions and its insights support TIAA clients, consultants and policymakers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Chris Ceder, Goldman Sachs Asset Management Senior Retirement Strategist, break down the key takeaways from Goldman Sachs annual Retirement Survey & Insights Report, the financial vortex, personalized planning and advice, financial wellness programs, AI, and more.

What is the difference between the fed funds rate and the discount rate? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

00:35 - How to manage the financial vortex

05:00 - The importance of retirement planning tools

08:15 - The importance of educating yourself on assets outside of 401(k)

12:00 - Financial wellness programs: Should I participate?

13:25 - Ask Bob: Fed funds rate vs. discount rate

14:05 - What to know about new or alternative investments

17:35 - Restricted stock units: Can they improve opportunity for risk adjusted returns?

19:20 - Robo advice and AI's role in retirement planning

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Chris Ceder is a senior retirement strategist at Goldman Sachs Asset Management with over 20 years of experience across multiple roles in the retirement industry. He focuses on developing retirement and financial wellness strategies for clients and leading the firm’s defined contribution research and thought leadership.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell speaks with Michael Kitces, Buckingham Wealth Partners Head of Planning Strategy and Reeya Patel, University of Florida Wealth Management Student about the world of financial advisors. The two offer unique points of view on how current trends, and biases, advancing technology, and more impact financial advisors and their clients.

Should you trust AI for personal finance information? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

:45 - How tech impacts financial advisors and their clients

4:30 - The importance of personally catered advice

6:00 - Understanding the crisis of differentiation in the financial advisor space

8:40 - Decoding financial advisor fees

13:50 - Lessons from the CFP program

15:50 - Entering the workforce as a financial advisor

20:35 - Understanding behavioral biases

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, is the Head of Planning Strategy for Buckingham Wealth Partners, a private wealth management firm located in St Louis, Missouri, that oversees approximately $50 billion of client assets. In addition, he is the co-founder of the XY Planning Network, AdvicePay, fpPathfinder, and New Planner Recruiting, former practitioner editor of the Journal of Financial Planning, and the publisher of the e-newsletter The Kitces Report and the popular financial planning industry blog Nerd’s Eye View through his website www.Kitces.com, dedicated to advancing knowledge in financial planning.

Reeya Patel is a 4th year wealth management student at the University of Florida. She is currently working to earn her CFP certification.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Liz Ann Sonders, Charles Schwab & Co., Inc. Chief Investment Strategist, discuss market uncertainty and its impact on the retirement landscape.

Do you need to withdraw money from your IRA before the age of 55? Find out everything you need to know in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

1:30 - The impact of tariffs

3:00 - Effects of stagflation

5:30 - How uncertainty affects the market

8:35 - The misperception of the 60/40 rule

13:40 - Focusing on the individual investor

17:03 - Democratization of investments

19:00 - The importance of financial literacy

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Liz Ann Sonders has a range of investment strategy responsibilities, from market and economic analysis to investor education, all focused on the individual investor. Liz Ann is the cohost of the On Investing podcast and a keynote speaker at numerous company and industry conferences.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Melinda Caughill, i65 Medicare Software Co-Founder, discuss the important tips you need to know when enrolling in Medicare.

Are you able to rollover funds from your 457(b) plan into an IRA? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

00:50 - Medicare can be complicated

02:28 - Document everything

03:22 - Don't trust Medicare Insurance Salesmen

05:35 - 6 steps to Medicare enrollment

10:51 - Being dropped from your Medicare plan

13:15 - The Medicare nuclear option

15:30 - The Inflation Reduction Act

20:38 - Medicare resources

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Melinda Caughill is a Co-founder of 65 Incorporated and the revolutionary i65 Medicare guidance software, Melinda uses her expertise to provide today’s seniors, their families, and their professional advisors with unbiased, expert Medicare guidance. With her extensive background in marketing in addition to Medicare, Melinda is skilled at taking the most confusing and complex aspects of Medicare and translating it into easy-to-understand visual concepts.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Ross Riskin, Investments & Wealth Institute Chief Learning Officer, discuss the importance of early savings for educational expenses, open communication around financial contributions, the best vehicles for education saving, and more.

Should you invest in an in-state 529 plan or out-of-state 529 plan? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

0:45 - Saving early for education costs

3:30 - Having the difficult conversation with family members contributing to educational savings

5:30 - How to select the best vehicle to use when saving for education

10:05 - The best way to balance saving for both retirement and education

12:50 - Ask Bob: Does it matter whether I invest in an in-state 529 plan or an out-of-state 529 plan?

15:22 - How to incorporate private assets into savings portfolios

18:05 - Preparing for potential changes that may come with the Trump administration

23:00 - Ask Bob: What do I need to know when contributing to a spousal IRA?

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Ross Riskin is the Founder and Managing Member of Riskin Wealth Management, LLC. He also serves as Chief Learning Officer at the Investments & Wealth Institute, Chief Creative Officer at visiWealth, and sits on the Advisory Board for the American Institute of Certified College Financial Consultants. Ross’s research and professional expertise focus on tax, wealth transfer, and education planning for high-income and high-net-worth individuals.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Care Right Inc. Founder Annalee Kruger break down misconceptions about the aging process and caregiving, aging in place, vulnerabilities in elder care, long-term care insurance, the critical role of caregivers, aging plans, and more.

How does Social Security determine what the cost of living adjustment (COLA) will be on my Social Security benefit? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

00:30 - Aging in America: The most common misconceptions

04:10 - Aging in place: Thoughts on home modifications

07:45 - Vulnerabilities in elder care

12:15 - Ask Bob: Cost of living adjustment

13:05 - Long-term care insurance: Can it help with home health aid or long-term care facilities?

15:45 - Critical role of caregivers

20:05 - The importance of an aging plan

22:50 - Ask Bob: Managed account

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Annalee Kruger is the founder of Care Right Inc., created in 2011 to help families and individuals through their aging journey. Care Right are a neutral third-party family meeting facilitators to help you understand aging in place considerations, the landscape of senior care, understanding dementia progression, your current and future care options.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Michael Finke, Professor of Wealth Management at the American College of Financial Services, break down everything you need to know about the 4% rule, other retirement strategies, the annuity puzzle, the Monte Carlo analysis, and more.

Can I be eligible for Medicare if I am not a U.S. citizen? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

00:20 - The 4% rule: Is it a good retirement strategy?

05:10 - 4-box strategy vs. social security RMD strategy: Which is better?

10:40 - The importance of setting a realistic standard of living in retirement

12:20 - Ask Bob: Can I be eligible for Medicare if I'm not a U.S. citizen?

13:00 - Annuity puzzle: How can people get over their reluctance to buying annuities?

16:20 - Rethinking lifespan and lifestyle: Investing in health

19:40 - Monte Carlo analysis: Pros and cons

22:55 - Ask Bob: Spousal vs. survivor benefits: What's the difference?

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Michael Finke PhD, CFP® is a professor of wealth management and Frank M. Engle Distinguished Chair in Economic Security at The American College of Financial Services. He received a doctorate in consumer economics from the Ohio State University in 1998 and in finance from the University of Missouri in 2011. He leads the O. Alfred Granum Center for Financial Security at the American College and is a research fellow at the Retirement Income Institute, and a member of the Defined Contribution Institutional Investment Association Academic Advisory Council.

Learn more about your ad choices. Visit megaphone.fm/adchoices